All about tax #TaxPledge

Some of the basic details about tax and how to pay tax.

What is tax?

Tax is a particular amount of your income which you pay to the government as a return. With which the government develops the country with this funds. There are particular bars dat the government has set if the income exceeds this bar the excess amount will be taxed. The earning could be in the form of regular wages, interest dividends, capital gains or any other profits, these earning are taxed.

How to pay tax?

Paying tax is now become easy with the help of income tax department's online website where you have to register with the help of your pan card. They have made it simple and easy so that all pay their income tax returns on time and without any difficulty. Registration is quite simple and easy it saves a lot of time . The have a tax calculator with the help of with you can find out how much amount of your income is taxable and how much tax needs to be paid.

What does the government do with the money the collect as tax?

The amount that is received from tax is use for the development and progress of the country. The country has to go from developing to developed this funds are help the government improve the country make the necessary changes and help it progress. The residents if the country has to pay income tax from the earning of the particular financial year.

Filing income tax is now made easy by e-filing. The income tax department has an online website where they provide all the necessary details about how to file your income tax returns. It provides all the help you need from registration to calculator and the forms that needs to be filled by a particular individual, firm or organization. The last day of filing returns is the 31 July or the end of the financial year.

I’m taking the #TaxPledge to file IT returns with the easy Income Tax efiling option from H&R Block at BlogAdda.